Weekly forecast for S&P 500 cash 2011

[Atilla]

1310 per favore

Reason - approx - 38 - 50% retracement on the daily charts after that stunning outburst.

Picking above 1300 support just by the ferocity of that burst.

Real fight between bears n bulls imho.

 

[wackypete2]

1310 per favore

Reason - approx - 38 - 50% retracement on the daily charts after that stunning outburst.

Picking above 1300 support just by the ferocity of that burst.

Real fight between bears n bulls imho.

No encore??

Peter

 

[Atilla]

No encore??

Peter

Hmmm - maybe...

Bulls tend to charge in straight lines but bears like to wonder all over the place...

Holding my breath for the ATR indicator now...

 

[robster970]

1345 for me this week

 

[isatrader]

1359 for me please Pat. I think the strength of last weeks move should give us a test of the May high this week and small pullback at the close of the week.

 

[SlipperyC]

1320 for me please Pat. I think its completing a long term head and shoulders pattern (visible on weekly chart - looks similar to Dec 2007) with a longer term downside target of 1200.

 

[Pat494]

1320 for me please Pat. I think its completing a long term head and shoulders pattern (visible on weekly chart - looks similar to Dec 2007) with a longer term downside target of 1200.

Welcome to this friendly comp. Starting the 3rd quarter now. Simple rules on post 1.
I will have a look at my charts soonest to see if I can see a similiar H&S pattern.
Good luck

 

[Pat494]

A public holiday in the USA today, so

Comp starts tomorrow 9.30 EST or 2.30 pm UK time

 

[robster970]

Welcome to this friendly comp. Starting the 3rd quarter now. Simple rules on post 1.
I will have a look at my charts soonest to see if I can see a similiar H&S pattern.
Good luck

Jesus, it's Q3 already. Where is this year going?

 

[Atilla]

Jesus, it's Q3 already. Where is this year going?

Going to the dogs in my book! :clap:

 

[Pat494]

1320 for me please Pat. I think its completing a long term head and shoulders pattern (visible on weekly chart - looks similar to Dec 2007) with a longer term downside target of 1200.

I think this is what you are referring to

 

[SlipperyC]

Was thinking more like this Pat

Well, its one possibility!

 

[dpinpon]

Last week upside move was too fast too quick, need a breather, 1313 is my guess and probably out of the air, Im out of internet in my office since last thursday and hopefully getting it back tomorrow.

 

[BillSimmons]

1312

 

[Pat494]

average = 1335
weighted av = 1342 ( based on last quarter's figs)
up 6
down 6

let her roll

:smart:

 

[Pat494]

For Week Ending Friday 8th July at 1343.8

Name...........Call.........Direction.......Podium .........sub Total……………Total

robster970…….1345………..1………….………3…………………….4…………..… …… ..4
Pat494…………..1351……..…1………………….2…………………….3……………… . .….3
Isatrader……….1359.….……1………………….1…………………….2……………… … ….2
Tim3............1360........1...............0.. . ............0...................1
wackypete2.….1361………..1……….………….0……….……….…1………….…… … …..1
Atilla……………..1310…………0……………………0……………………0……………………… . 0
Wt av…………...1342.……….0…….…….…….0………………..….0……….…… …… . ..0
Gaffs1964……..1320…………0……………..……0…………….…….0……………… … .…..0
dpinpon.........1313........0...............0.. ..............0.....................0
BillSimmons....1312........0................0... . ...........0....................0
Av………………….1335…….….0………………….0…………………….0……….…...…. … …0


Well done robster - off to a lightning start.

:clap:

 

[tim3]

Well done Robster.

1360 again this week please pat.

 

[Pat494]

I am getting mixed messages, from my charts which say down and my EA which says up

so as a compromise I will put my forecast this week right in the middle at 1342

 

[wackypete2]

1361 again for me

 

[Atilla]

Robster's da man... Well done

Same again please Pat - 1310. Markets all wrong... :cheesy: